India not to compromise on growing energy demand of Indian economy but develop responsibly: RK Singh

Power Minister RK Singh on Tuesday said India will not compromise on meeting growing energy demands of the Indian economy, but will develop generation capacity with responsibility
India not to compromise on growing energy demand of Indian economy but develop responsibly: RK Singh
India not to compromise on growing energy demand of Indian economy but develop responsibly: RK SinghPSU Watch

New Delhi: Union Power and New & Renewable Energy Minister RK Singh on Tuesday said India will not compromise on meeting growing energy demands of the Indian economy but will develop generation capacity with responsibility.

Addressing an inauguration of a power pavilion set up by Ministry of Power at the ongoing India International Trade Fair (IITF) 2023 in New Delhi, he said it is the developed countries who need to cut down their emissions first.

India not to compromise on growing energy demand of Indian economy but develop responsibly: RK Singh
RK Singh directs states to review energy sector's performance regularly

The Minister spoke about India's position in the wake of the upcoming COP28, the 2023 United Nations Climate Change Conference.

Singh said it is the developed countries who need to cut down their emissions first.

"Around 85 percent of the carbon dioxide load in the atmosphere is due to the path of industrialisation followed by developed countries. India's population is 17 percent of the world population, while our contribution to carbon dioxide load is only 3.5 percent."

Even now, our per capita emissions are one-third of world average, while that of developed countries is three times the world average, he said.

The developed countries used fossil fuels for developing their economies but they want to tell us that we should not use coal, he noted.

"It is the developed countries that need to cut down their emissions first," he said.

Singh emphasised that India is not going to make any compromise on the electricity needs for a growing (Indian) economy. We need to develop. At the same time, we will do that responsibly.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

"We were nine years ahead in achieving the Nationally Determined Contributions (NDC) target of having 40 percent of installed power capacity from non-fossil-fuel sources by 2030," he said.

"We pledged at COP-21 in 2015 that we will reduce our emissions intensity by 33 percent by 2030; we did this by 2019," he said.

So, in Glasgow, we have said by 2030, we will have 50 percent of our capacity from renewables and that we will reduce our emission intensity by 45 percent, he said.

"We will achieve it. So, we are on target," Singh added.

The availability of power in rural areas is now 21 hours and in urban areas, it is 23.5 hours, he stressed.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com